Category Archive: 5) Global Macro

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Mapping poverty in America | The Economist

2018-10-16

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America is the richest country in the world, but it also has one of the biggest divides between rich and poor. What can a zip code reveal about inequality? Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy The United States is the world’s richest country. It is also one of the most unequal. …

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Here’s Why the Next Recession Will Spiral Into a Depression

2018-10-16

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2018-10-16

Gap in pension funding 2015-2016
Here's the difference between a recession and a depression: you can't get blood from a stone, or make an insolvent entity solvent with more debt. There are two basic differences between a recession and a depression: 1. Duration: a recession typically lasts between 6 and 18 months, while a depression drags on for years or even decades, often masked by official propaganda as "slow growth" or "stagnation."

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How Many Households Qualify as Middle Class?

2018-10-15

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2018-10-15

Ownership Society
By the standards of previous generations, the middle class has been stripmined of income, assets and purchasing power. What does it take to be middle class nowadays? Defining the middle class is a parlor game, with most of the punditry referring to income brackets as the defining factor.

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Special Edition: Markets Under Pressure (VIDEO)

2018-10-15

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2018-10-15

What does Alhambra Investments think about the 1300 point drop in the Dow Jones Average this week? Alhambra CEO Joe Calhoun has some thoughts.

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From cannabis to climate change: North America’s burning issues | The Economist

2018-10-12

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Canada is set to become only the second country in the world to legalise cannabis. Across the border, America is making global headlines on another burning issue—all captured by our cartoonist, KAL. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Political cartoonists have the arduous task of packing a mountain of information into …

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How MDMA is being used to treat PTSD | The Economist

2018-10-11

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MDMA, the active ingredient in the party drug ecstasy, is being touted as a game-changing treatment for post-traumatic stress disorder. It is being trialled in America—and for one army veteran the drug has been a life-saver. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy In America around 22 military veterans kill themselves every …

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The Distortions of Doom Part 2: The Fatal Flaws of Reserve Currencies

2018-10-10

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2018-10-10

US Dollar's Share of Global Payments, Loans and Reserves
The way forward is to replace the entire system of reserve currencies with a transparent free-for-all of all kinds of currencies. Over the years, I've endeavored to illuminate the arcane dynamics of global currencies by discussing Triffin's Paradox, which explains the conflicting dual roles of national currencies that also act as global reserve currencies, i.e. currencies that other nations use for global payments, loans and foreign exchange...

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The Global Distortions of Doom Part 1: Hyper-Indebted Zombie Corporations

2018-10-08

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2018-10-08

The defaults and currency crises in the periphery will then move into the core. It's funny how unintended consequences so rarely turn out to be good. The intended consequences of central banks' unprecedented tsunami of stimulus (quantitative easing, super-low interest rates and easy credit / abundant liquidity) over the past decade were: 1.

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MACRO ANALYTICS – 10 04 18 – A Distorted Global Supply Chain w/Charles Hugh Smith

2018-10-06

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VIDEO NOTIFICATION SIGN-UP: http://bit.ly/2y63PvX-Sign-Up Thank you to all Macro Analytics/Gordon T Long YouTube followers. I will continue to add the following message to each video, which many have already seen to help all of those that haven’t learned of the new update. Thank you again for your support! To all Macro Analytics/Gordon T Long subscribers: …

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China’s influence in Europe | The Economist

2018-10-05

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China’s investment in Europe is growing. Our cover leader this week explains why the money is welcome, but not when it is used to buy political influence. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Our cover this week focuses on China’s investment in Europe, which over the past few years has increased …

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A Few Questions From Today’s BOND ROUT!!!!

2018-10-05

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2018-10-05

Benchmark 10-year UST 2017-2018
On April 2, the benchmark 10-year US Treasury yield traded below 2.75%. It had been as high as 2.94% in later February at the tail end of last year’s inflation hysteria. But after the shock of global liquidations in late January and early February, liquidity concerns would override again at least for a short while. After April 2, the BOND ROUT!!!! was re-energized and away went interest rates.

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How to fuel the future | The Economist

2018-10-04

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America, under President Donald Trump, is securing its “energy independence” with oil and gas. But unlike fossil fuels, renewables will not increase global warming —and China is moving fast. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Oil moves the world around and creates powerful countries. Oil is such a vital commodity that …

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Pensions Now Depend on Bubbles Never Popping (But All Bubbles Pop)

2018-10-04

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2018-10-04

Calpers pensions
We're living in a fantasy, folks. Bubbles pop, period. The nice thing about the "wealth" generated by bubbles is it's so easy: no need to earn wealth the hard way, by scrimping and saving capital and investing it wisely. Just sit back and let central bank stimulus push assets higher.

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The data revolution: privacy, politics and predictive policing | The Economist

2018-10-03

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More than 90% of the world’s data appeared in the past two years. From privacy to politics, Facebook to facial recognition – discover the true impact of this data revolution. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Erlanger hospital, Tennessee – the medical staff here are at the forefront of efforts to …

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China’s Industrial Dollar

2018-10-03

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2018-10-03

China Industry Revenue, Aug 2008 - 2018
In December 2006, just weeks before the outbreak of “unforeseen” crisis, then-Federal Reserve Chairman Ben Bernanke discussed the breathtaking advance of China’s economy. He was in Beijing for a monetary conference, and the unofficial theme of his speech, as I read it, was “you can do better.” While economic gains were substantial, he said, they were uneven.

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Fixing Infrastructure Isn’t as Simple as Spending Another Trillion Dollars

2018-10-02

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2018-10-02

Public Infrastructure Has Been Neglected
It isn't easy to add new subway lines or new highways, and so "solutions" don't really exist. If there's one thing Americans can still agree on, it's that America needs to spend more on infrastructure which is visibly falling apart in many places. This capital investment creates jobs and satisfies everyone's ideological requirements: investment in public infrastructure helps enterprises, local governments and residents.

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The Labor Shortage Is Real

2018-10-01

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2018-10-01

Civilian Labor Force Participation Rate 1960-2000
Few conventional-media commentators are willing or able to discuss these factors in the labor shortage / declining participation trends. Is there a labor shortage in the U.S.? Employers are shouting "yes." Economists keep looking for wage increases as evidence of a labor shortage, and since wage increases are still relatively modest, the argument that there are severe labor shortages in parts of the U.S. is unpersuasive to many conventional...

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Make Your Case, Jay

2018-09-28

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2018-09-28

Eurodollar Futures June 2020
June 13 sticks out for both eurodollar futures as well as IOER. On the surface, there should be no bearing on the former from the latter. They are technically unrelated; IOER being a current rate applied as an intended money alternative. Eurodollar futures are, as the term implies, about where all those money rates might fall in the future. Still, the eurodollar curve inverted conspicuously starting June 13. That was the day of the prior “rate...

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Mapping global gun violence | The Economist

2018-09-27

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El Salvador, Venezuela and Guatemala have the worst gun violence in the world. America’s lax firearm laws are adding to their problems. Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy Since 1990 the number of gun deaths worldwide has reached 6.5 million. Three quarters of gun deaths occur in just 15 countries. Latin …

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Eurodollars & Global Deflation Risk W/ Jeff Snider | Expert View | Real Vision™

2018-09-26

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Is the global economy poised to enter another deflationary cycle? Jeff Snider, head of global research and chief investment strategist at Alhambra Partners, believes that we have never enjoyed a true recovery from the global financial crisis – but instead, have merely bounced between cycles of deflation and reflation. In this piece, Snider unpacks the …

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